AT&T Chief Says Restructuring Phase Ending, Leaner Focus Ahead
- Investors didn’t warm to media conglomerate plan, Stankey says
- New focus back to basics of wireless and fiber network service
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AT&T Inc. Chief Executive Officer John Stankey isn’t exactly blaming his predecessor Randall Stephenson for the company’s failed media strategy, but he is taking credit for trying to put the phone giant back on track.
After taking the top job last year, it became clear from talking to investors that “one of the things I think we need to do is basically formulate a different investment thesis,” Stankey said in a webcast presentation during the Goldman Sachs Communacopia conference.